ABN AMRO filed a civil lawsuit against the following defendants:

Maximum Mortgage, Inc.

Justin Stuckey, Principal of Maximum Mortgage, Inc.

Carrie Stuckey, Principal of Maximum Mortgage, Inc.

Rex D. Wells, Real Property Investor

Accelerated Title Company

James Pappas, owner of Accelerated Title

Corey Stuckey, manager of Fort Wayne office of Accelerated Title

Stewart Title Guaranty Company

Greg Chevalier, appraiser at times employed by Appraisal Source and principal of Allen County Appraisal

Appraisal Source of Fort Wayne, Inc.

Allen County Appraisal, Inc.

Eilatan, dba or Parnership of Rex D. Wells

Indiana Resource Network, dba or Parnership of Rex D. Wells

Alliance Property Management, dba or Parnership of Rex D. Wells

Richard Rollins, appraiser employed by Appraisal Source

The complaint alleges that it arises from a mortgage fraud scheme concerning 149 loans originated by Maximum Mortgage on properties in Fort Wayne, Indiana. From the complaint, it appears that all of the loans were made to two distinct borrowers, the Nulls and Brogren.

The complaint alleges that the transactions were all submitted as refinance loans when, in fact, they were original purchase loans. The actual values of the real estate used as collateral is alleged to be a fraction of the loan amounts – the original face amount of the loans is alleged to be $5.5M while the actual property values are reflected as $3.1M. Although not set out in detail, the complaint also alleges submission of false or fraudulent applications and loan documentation including job history and income. Click here to view a copy of the Complaint